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Business Intelligence Strategy and Big Data Analytics by Steve Williams

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Chapter 5

Prioritizing BI Opportunities (BIOs)

Abstract

Most companies are able to identify multiple business intelligence opportunities (BIOs)—opportunities to leverage BI to increase revenues, reduce costs, or both. Realization of these BIOs requires a joint effort between business sponsors, business subject matter experts, and the technical teams who execute BI projects. Given finite resources, the identified BIOs need to be prioritized for execution over time—typically via a series of rapidly executed projects over the course of a few years. There are a number of factors that can be considered when prioritizing BIOs, and different companies employ differing degrees of formalization in doing so. For some companies, structured conversations about ...

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